Figuring out the budget for your remodeling project is the first thing you need to have finalized. It’s essential that you set a budget and stick to it as this will help you avoid unpleasant surprises further down the line; charging ahead without clearly knowing what you want to spend at each point of the project can lead you into serious trouble if you run out of money or don’t have anything left in the contingency fund.
Once you have a certain amount set aside, you can also effectively begin to plan the design of your remodel. For instance, if you’re remodeling a kitchen then knowing exactly how much you have to spend on materials allows you to decide whether you can afford marble or wood countertops. This, in turn, can affect the whole design of your kitchen. You may even find that you can afford to build an addition and create a brighter, more spacious room altogether!
Homeowners that aren’t in the industry or don’t do their research thoroughly enough may not be able to tell the difference between a fair quote and an unfair one. Is this contractor quoting you too high a price for the amount of work and time it will take? This could mean they are trying to use your project as a cash-cow, and they may begin to introduce new charges or hidden fees throughout the project if you do end up hiring them. Is another contractor quoting a suspiciously low price? This may be a sign that their work is substandard or they have no other clients so will under-charge for work; and you have use your judgement as to why that may be the case! Fortunately RemodelOrMove.com has a guide to contractor interview questions you should be asking and which answers are acceptable and which are not.
Setting a budget, however, can be quite hard to do. Different contractors may quote you various rates, and the length of time the remodel may take could change and therefore cost you more. Seasonal variations in the price of materials will also factor in, as well as unseen costs such as temporary accommodation for your family or all those takeout pizzas while your kitchen is out of action!
Remodelormove.com has several ways to help you with calculating the cost of your remodel:
- Remodel or Move Calculator
- The cost of remodeling your attic
- Estimating Construction Costs
- How Much Does It Cost To Remodel And How Do I Get An Estimate?
Let us help you calculate the cost of your remodel as thoroughly as possible; that way, you’ll be sure to avoid any unpleasant surprises during the course of your project!